Gas prices pass $3 per gallon nationwide

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The national average price of gasoline passed $3 per gallon Wednesday, as people on the East Coast continued to line up at pumps to fill up over fears of a shortage.

But travel app GasBuddy said the increase is not due to the Colonial Pipeline shutdown that has sparked fears of a gas shortage. Instead, the price increase was expected as COVID-19 recovery continues and the demand for gas rises.

“In this case, rising gas prices are a sign Americans are getting back out into the world — attending baseball games, going to concerts, taking a road trip — basically staying anywhere but at home,” Patrick De Haan, head of Gasbuddy’s petroleum analysis, said in a news release.

GasBuddy’s projections for the summer have gas prices briefly rising above $3 on average and then settling down into the upper $2 to low $3 per gallon range.

The company warns that prices could also be impacted by any major refinery issues, especially if the economy continues to recover and fuel demand increases.

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